Junge
Junge & Co. Versicherungsmakler GmbH is a Hamburg-based maritime insurance broker serving shipowners, shipyards, charterers, and shipping banks via dedicated B2B service teams, with 51-100 employees and four service lines including MGA operations through Günther Lübsen GmbH.
- Company typePrivate
- Founded1982
- HeadquartersHamburg, Germany
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Junge does
Junge & Co. Versicherungsmakler GmbH is a Hamburg-based maritime insurance broker serving the German and international shipping industry. The firm was established in its current brokerage form in 1982, building on a shipping heritage that traces to 1905 through Frachtcontor Junge & Co. It operates four service lines: Marine Services, Reinsurance & Wholesale, Financial Institutions & Advisory, and Managing General Agency operations conducted through its subsidiary Günther Lübsen GmbH. Customers comprise shipowners, ship managers, charterers, shipyards, ship-mortgage banks, commercial insurers, and captive insurance companies.
The firm employs 51-100 people and operates a B2B, enterprise field-sales model organized around an "one client, one team" principle that assigns dedicated service teams to each major account. Underwriting and claims support is delivered by staff with seagoing and surveying backgrounds, supported by third-party actuarial and risk-modeling platforms such as URS rather than proprietary technology. Revenue is generated through brokerage commissions on placed premiums, reinsurance intermediary fees, advisory mandates, and MGA premium underwriting through Günther Lübsen GmbH.
Junge is a privately held, wholly-owned subsidiary of Corant Global, itself part of the UK-based Ardonagh Group. The firm was acquired by BGC Partners in 2019 through the Ed Broking Group and was transferred to Ardonagh in 2021 as part of a $500 million transaction covering Ardonagh's broader insurance brokerage operations. No standalone revenue is publicly disclosed.
Junge firmographics
Firmographics- Name
- Junge
- Legal name
- Junge & Co. Versicherungsmakler GmbH
- Website
- https://junge.de
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Junge & Co. Versicherungsmakler GmbH is a Hamburg-based maritime insurance broker serving shipowners, shipyards, charterers, and shipping banks via dedicated B2B service teams, with 51-100 employees and four service lines including MGA operations through Günther Lübsen GmbH.
- Ownership category
- akta.pro rank
Junge industry classification
Industry- Product category
- Marine Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
- akta.pro secondary industries
- Marine & Energy Reinsurance (FSAOABAK), Treaty Reinsurance Brokerage (FSAOAHAA), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)
Keywords
Where Junge is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Junge business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Brokerage Commissions: Junge & Co. generates revenue through brokerage commissions on insurance policies placed for clients. As an independent insurance broker, the company earns commissions from insurers for placing marine insurance, reinsurance, and related coverage.
- Reinsurance Brokerage: Revenue from structuring and placing facultative and obligatory reinsurance coverage for clients, leveraging the Ed Broking Group network and global market access.
- Managing General Agent Services: Through Günther Lübsen GmbH, the company provides MGA services including underwriting authority and claims settlement for marine insurance products in the German-speaking market.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Junge product offering
Product offeringCore offering
Junge & Co. is a maritime insurance broker placing marine insurance coverage and handling related claims for shipowners, charterers, shipyards, financial institutions, and other insurance companies. The company also provides reinsurance placement and wholesale brokerage through the Ed Broking Group/Corant Global network, advisory services to ship-financing banks, and acts as a Managing General Agent (MGA) through its Günther Lübsen GmbH subsidiary underwriting and settling marine claims with delegated authority in the German-speaking market.
Product overview
Junge & Co. Versicherungsmakler GmbH is a German maritime insurance broker offering a portfolio of four integrated service lines: Marine Services (placement and claims handling), Reinsurance & Wholesale, Financial Institutions & Advisory, and Managing General Agent operations through Günther Lübsen GmbH. Services are delivered via a 'one client, one team' model, with customer-dedicated teams covering both placement and claims. The company operates within the Corant Global / Ardonagh group network, providing access to global insurance markets. Core offerings include exclusive policy conditions, risk management solutions, international market access, and recovery/regress management.
Differentiator
Problem solved
Functional benefit
Brands
- Günther Lübsen GmbH: Managing General Agent (MGA) specialized in all types of marine insurance. Acts as authorized signatory for associated requirements with close relations to various insurers in the German-speaking market.
Products and services
- Marine Services Core maritime insurance brokerage covering placement services (contract management for hull, P&I, war risks, yacht, cyber, and shipyard risks) and claims management for all types of marine incidents, serving shipowners, charterers, shipyards, and cruise operators.
- Reinsurance & Wholesale
- Financial Institutions & Advisory
- Managing General Agent (Günther Lübsen GmbH)
- Claims Support & Recovery Services
Companies that use Junge
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Junge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Junge partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Corant GlobalcoreCorant Global is the operating subsidiary within Ardonagh group that Junge & Co. belongs to. Through Corant Global, Junge has access to the global network of experts with in-depth local market knowledge providing direct access to key insurance capacity worldwide.
- Ed Broking Group LimitedcoreEd Broking Group was the original parent company of Junge & Co. BGC Partners acquired Ed Broking Group in 2018-2019. Ed Broking Group is a global reinsurance, wholesale and specialty broker with operations in UK, Singapore, Hong Kong, Dubai, Miami, China, and Germany.
- Günther Lübsen GmbHcoreGünther Lübsen GmbH is Junge & Co.'s managing general agent (MGA/Assekuradeur), specialized in all types of marine insurance. The company acts as authorized signatory with authority to underwrite risks and settle claims independently, maintaining close relationships with major insurers in the German-speaking market.
Scale indicators3 records
Recent moves10 records
Expansion highlights3 records
Junge competitors and assessment
Company assessmentDirect peers
- RFIB Group: London-based marine and energy specialty broker active in hull, cargo, offshore, and specie lines. Comparable to Junge as a marine-specialized broker serving shipowners and energy clients, with strong London market access.
- Ecclesia Group: German insurance broker with a significant transport and marine practice. Comparable to Junge in serving German enterprise shipping and logistics clients across placement and claims.
- Ed Broking Group: Sister wholesale and specialty broker within Ardonagh, originating in London. Highly comparable because both operate marine and reinsurance wholesale capabilities under the same parent (Corant Global/Ardonagh) and share reinsurance placement workflows.
- Funk Gruppe: Hamburg-headquartered independent German insurance broker with a maritime specialty division. Most direct German-headquartered competitor to Junge in placing hull, P&I, and cargo for shipowners and yards.
- Integro Insurance Brokers: Specialty broker with marine and aviation capabilities now operating within a broader global platform. Comparable to Junge in placing complex marine and offshore energy risks for enterprise clients.
Broad incumbents
- Howden (Marine): Independent global specialty broker with a substantial marine hull, P&I, cargo and offshore practice. Comparable to Junge as a specialty-led competitor for the same shipping clients, with broader geographic footprint and growing German presence.
- Aon (Marine Specialty): Global marine and aviation specialty team within Aon. Directly comparable to Junge in placing hull, P&I, war, and cargo for enterprise shipping clients, but embedded in a much broader risk and reinsurance platform.
- Willis Towers Watson (Marine): WTW's Global Marine practice places hull, P&I, cargo and offshore energy coverage. Overlaps with Junge's marine services and reinsurance offerings for shipowners and yards, but at materially larger scale and geographic reach.
- Marsh (Marine Specialty): Marine and cargo specialty practice within Marsh, the world's largest insurance broker. Comparable because it competes for the same enterprise shipowners, yards, and financiers on hull, P&I and cargo placements, but operates as one line within a global generalist broker.
Regional players
- MRH Trowe: German specialty broker active in marine, transport, and financial lines. Comparable to Junge as a Germany-based specialty broker targeting enterprise shipping and finance clients, primarily competing in the DACH region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Junge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Junge leadership team
Management profileNumber of profiles
Profiles5 records
Junge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Junge M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Junge
What does Junge do?
Junge & Co. is a maritime insurance broker placing marine insurance coverage and handling related claims for shipowners, charterers, shipyards, financial institutions, and other insurance companies. The company also provides reinsurance placement and wholesale brokerage through the Ed Broking Group/Corant Global network, advisory services to ship-financing banks, and acts as a Managing General Agent (MGA) through its Günther Lübsen GmbH subsidiary underwriting and settling marine claims with delegated authority in the German-speaking market.
Is Junge a public or private company?
Junge is a private company. It is classified as corporate owned and is currently operating.
When was Junge founded?
Junge was founded in 1982. It employs 51 to 100 people.
Where is Junge based?
Junge is headquartered in Hamburg, Germany, in the Europe region.
How does Junge make money?
Three revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are reinsurance Brokerage and managing General Agent Services.
Who are Junge's main competitors?
Direct peers on record are RFIB Group, Ecclesia Group, Ed Broking Group, Funk Gruppe and Integro Insurance Brokers. Broad incumbents are Howden (Marine), Aon (Marine Specialty), Willis Towers Watson (Marine) and Marsh (Marine Specialty). MRH Trowe is listed as a regional player.
Does Junge have an API?
No public API is recorded for Junge.
What industry is Junge in?
Junge's product category is Marine Insurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAOABAK, Marine & Energy Reinsurance. Its NAICS code is 52421 and its SIC code is 6411.